Banks and banking. Part225:Bank holding companies and change in bank control (regulation y). Section225.22:Exempt nonbanking activities and acquisitions.
(a) Certain de novo activities. A bank holding company may, either directly or indirectly, engage de novo in any nonbanking activity listed in § 225.28(b) (other than operation of an insured depository institution) without obtaining the Board's prior approval if the bank holding company: